Page 2 - Oil Marketing Companies

Cabinet approves ₹300 LPG subsidy for PMUY beneficiaries in 2025-26

The ₹300 per cylinder subsidy will be provided for up to 9 refills in FY 2025-26, benefiting over 10 crore PMUY consumers and ensuring affordable access to clean cooking fuel

HPCL, BPCL: OMCs, paint, tyre, aviation stocks rally after oil slips 5%

BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent

How to trade HPCL, BPCL, ONGC as Crude Oil boils to 5-month high at $77/bbl

Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.

India-Pak tensions: Essential services go extra mile to serve border states

National transporter Indian Railways was running special trains to handle increased traffic out of Jammu and Kashmir

Tailwinds for oil marketing companies in India as margins remain robust

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

OMC shares gain up to 6% on lower crude oil prices; should you buy or hold?

While Motilal Oswal Financial Services think the rally in OMC stocks is now entering the last phase, the brokerage firm still see a few positive catalysts.

Ethanol blending programme: Grains to make up for lower sugar production

Grains look to surpass sugarcane again as the primary feedstock for ethanol, a process that may be helped by government incentives to convert mills into dual-feed ones

HPCL, BPCL, IOC: Time to buy or sell OMCs as govt hikes excise duty?

Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.

Excise duty on petrol, diesel raised by Rs 2 a litre after 34 months

OMCs to absorb extra cost, retail prices may be cut if global prices remain low, Minister says

Commercial LPG cylinders' price slashed by ₹41, domestic rates unchanged

The previous revisions came on 1 March, when commercial LPG prices were hiked by ₹6 after a reduction of ₹7 in February

Public sector oil, gas companies weigh term pacts; no formal talks yet

US push to sell more energy to India coincides with stable global crude, LNG prices

Capital expenditure to weigh on oil marketing companies' cash flows

Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery

India Energy Week: Russian shipments to be restored by March, says BPCL

BPCL to enter new non-fuel retail biz, develop large scale roadside amenities along new highways

Oil retailers pick 26 PACS to set up retail petrol, diesel outlets: Shah

Oil marketing companies have selected 26 Primary Agricultural Credit Societies (PACS) out of 286 applications for setting up retail petrol and diesel outlets, Cooperation Minister Amit Shah told Parliament on Tuesday. In a written reply to the Lok Sabha, Shah said the government has allowed PACS to operate retail petrol and diesel outlets and LPG distributorship. As informed by Oil Marketing Companies (OMCs), 286 PACS from 25 states and Union Territories have submitted online applications to establish retail petrol/diesel outlets, of which 26 PACS have been selected by OMCs, he said. Under conversion of PACS, Wholesale Consumer Pumps into retail outlets, OMC reports indicate that 116 PACS from five states have agreed to this conversion, and 56 PACS have been commissioned. For LPG distributorship, two PACS have applied for the two advertised locations in Jharkhand. As per the revised guidelines, PACS have been included under Combined Category 2 (CC-2) for retail petrol/ diesel ...

OMCs cut retail price of commercial LPG cylinder by Rs 7; to cost Rs 1,797

Starting today, a 19 kg commercial LPG cylinder in Delhi will cost Rs 1,797, down from Rs 1,804. In December 2024, the price of a commercial LPG cylinder was Rs 1,818.50

How India's Ministry of Cooperation is reshaping the cooperative sector

Despite legal setbacks, the Amit Shah-led ministry has moved rapidly forward and is expected to soon unveil a new set of regulations to further grow the cooperative sector

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

State-run OMCs cut commercial LPG and ATF prices, effective January 1

State-run oil marketing companies have reduced prices for 19-kg commercial LPG cylinders and aviation turbine fuel across major metros

Sugar raw material prices rose faster than final product in last 5 years

Also, a report by Infomerics Ratings showed that in the last five financial years WPI rose by 24.3 per cent over the past 5 years

OMC stocks seem attractive after earnings decline and correction

Resumption of more frequent revision in retail prices could be a driver. Policy risk appears low